Analysis of the investment activities of Spanish financial institutions in the real-estate market 2004 - 2015
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Show full item recordcomunitat-uji-handle:10234/158176
comunitat-uji-handle2:10234/71324
comunitat-uji-handle3:10234/97664
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Title
Analysis of the investment activities of Spanish financial institutions in the real-estate market 2004 - 2015Author (s)
Tutor/Supervisor
Salvador Aragó, EnriqueTutor/Supervisor; University.Department
Universitat Jaume IDate
2016-06-15Publisher
Universitat Jaume IAbstract
In this paper we analyse the investment activities and performance of several Spanish financial institutions in the real-estate sector. Before discussing our data analysis, we have conducted a literature review in ... [+]
In this paper we analyse the investment activities and performance of several Spanish financial institutions in the real-estate sector. Before discussing our data analysis, we have conducted a literature review in which we shortly discuss the causes of the global financial crisis and the Spanish financial crisis. Given this context, we analyse the direct and indirect investment of 5 financial institutions (Santander, BBVA, Caixa Ontinyent, Bankia and Caixbank) before and after the financial crisis. We also look at the situation before the financial crisis of the saving banks merged into Bankia and Caixbank. We find huge differences in terms of the direct and indirect investment in the real-estate market among institutions. These differences also are present in performance, solvency and liquidity metrics. The institutions which went into trouble presented large disequilibrium way before they recognized they had them. So we believe that with a proper control part of the restructuration of the Spanish banking system could not have been avoided. [-]
Subject
Description
Treball de final de Grau en Finances i Comptabilitat. Codi: FC1049. Curs acadèmic 2015-2016
Type
info:eu-repo/semantics/bachelorThesisRights
info:eu-repo/semantics/openAccess
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